Sunday, April 21, 2024 1:27:53 PM
W/ the R/S @ 0.01 = $5 Mill MC And Add in that they raised $5 Mill (prob WAY overvalued)
So Post Split 5 Mill Share O/S w/ a $5 Mill MC @ $1.00
So if they Raised $5 Mill Investment $$ _ How many Restricted Shares would that account for (5 Mill ?) & would they be valued @ $1.00 each
If so, still just a $10 Mill MC w/ 10 Mill O/S ( 5 restricted/5 non-restricted) and 490 mill left in the A/S
This is Just Fuzzy Math, but it seems that no matter how one juggles the numbers - Nothing comes close to $100 Mill MC w/Out significant dilution
even is it Trades @ $1.00 w/out the pps dropping
Peeps are not buying Now @ 0.01, so what will make them buy @ $1.00 w/ no Operational Business/Revs ?
I don't think the FINRA approval alone is enough stimulus to do that
Not saying this Security won't make it, but for many, I think the Break Even/Profit Point will be ~2yrs Post FINRA approval, Just about the Time the resticted shares become Unlocked
JmO
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